Forbes' list of the most valuable football clubs


This is a list of the richest association football clubs in the world as ranked by Forbes magazine on their worth in U.S. dollars.

Current ranking


As of 12 April 2021[1][2]

Rank
2021
Rank
2019
Team Country Value in
millions
% change
in 2 years
Debt as
% of value
Revenue ($M) Operating
income ($M)
1 2 Barcelona Spain 4,760 18 6 792 62
2 1 Real Madrid Spain 4,750 12 6 792 92
3 4 Bayern Munich Germany 4,215 39 0 703 49
4 3 Manchester United England 4,200 10 16 643 167
5 8 Liverpool England 4,100 88 2 619 62
6 5 Manchester City England 4,000 49 0 609 -2
7 6 Chelsea England 3,200 24 0 520 35
8 7 Arsenal England 2,800 23 7 430 47
9 11 Paris Saint-Germain France 2,500 129 0 599 -5
10 9 Tottenham Hotspur England 2,300 42 39 494 134
11 10 Juventus Italy 1,950 29 16 441 -14
12 13 Borussia Dortmund Germany 1,900 112 0 405 15
13 12 Atlético Madrid Spain 1,000 5 26 368 62
14 15 Internazionale Italy 743 11 8 323 13
15 19 Everton England 658 38 0 235 15
16 18 Milan Italy 559 -4 4 165 -92
17 16 Roma Italy 548 -12 56 156 -108
18 17 West Ham United England 508 -18 18 175 -24
19 20+ Leicester City England 455 - 17 189 -49
20 20+ Ajax Netherlands 413 - 2 172 2

Number one by year


YearTeamLeagueValue (USD billion)
2021 BarcelonaLa Liga$4.760
2019 Real Madrid$4.239
2018 Manchester UnitedPremier League$4.123
2017$3.690
2016 Real MadridLa Liga$3.645
2015$3.260
2014$3.440
2013$3.300
2012 Manchester UnitedPremier League$2.235
2011$1.864
2010$1.835
2009$1.870
2008$1.800
2007$1.453

Historic rankings


2019 rankings

As of 29 May 2019[3][4]

Rank

2019

Rank

2018

Team Country Value in
millions
% change
on year
Debt as
% of value
Revenue ($M)
1 3 Real Madrid Spain 4,239 4 1 896
2 2 Barcelona Spain 4,205 -1 8 824
6 1 Manchester United England 3,808 -8 19 795
4 4 Bayern Munich Germany 3,024 -1 0 751
5 5 Manchester City England 2,688 9 0 678
3 7 Chelsea England 2,576 25 0 597
7 3 Arsenal England 2,268 1 11 520
8 8 Liverpool England 2,183 12 3 613
9 10 Tottenham Hotspur England 1,624 4 4 511
10 9 Juventus Italy 1,512 3 9 480
11 11 Paris Saint-Germain France 1,092 12 0 646
12 14 Atlético Madrid Spain 953 12 23 363
13 12 Borussia Dortmund Germany 896 -1 0 379
14 16 Schalke 04 Germany 683 -3 12 291
15 18 Internazionale Italy 672 11 50 335
16 17 Roma Italy 622 1 41 298
17 15 West Ham United England 616 -18 10 236
18 13 Milan Italy 583 -5 42 248
19 20+ Everton England 476 32 0 254
20 20+ Newcastle England 381 - 0 240

2018 rankings

As of 15 June 2018[5]

Rank Team Country Value
in millions
Debt as
% of value[6]
% change
on year
Revenue ($M)
1 Manchester United England 4,123 18 12 737
2 Real Madrid Spain 4,088 2 14 735
3 Barcelona Spain 4,060 1 12 706
4 Bayern Munich Germany 3,063 0 13 640
5 Manchester City England 2,474 0 19 575
6 Arsenal England 2,238 12 16 531
7 Chelsea England 2,062 0 12 466
8 Liverpool England 1,944 5 30 462
9 Juventus Italy 1,472 6 17 442
10 Tottenham Hotspur England 1,237 19 17 387
11 Paris Saint-Germain France 917 0 16 529
12 Borussia Dortmund Germany 901 0 12 362
13 Atlético Madrid Spain 848 3 16 297
14 West Ham United England 754 8 19 232
15 Schalke 04 Germany 707 11 12 251
16 Roma Italy 618 44 9 191
17 Milan Italy 612 101 -24 213
18 Internazionale Italy 606 58 13 285
19 Leicester City England 500 0 21 295
20 Napoli Italy 471 0 24 219

2017 rankings

As of 1 June 2017[7]

Rank Team Country Value in
millions
Debt as
% of value[8]
% change
on year
Revenue ($M)
1 Manchester United England 3,690 6 11 850
2 Barcelona Spain 3,635 6 2 688
3 Real Madrid Spain 3,580 3 -2 688
4 Bayern Munich Germany 2,713 0 1 657
5 Manchester City England 2,083 5 8 650
6 Arsenal England 1,932 16 -4 572
7 Chelsea England 1,845 0 11 583
8 Liverpool England 1,492 7 -4 523
9 Juventus Italy 1,258 7 -3 379
10 Tottenham Hotspur England 1,058 17 4 377
11 Paris Saint-Germain France 841 0 3 578
12 Borussia Dortmund Germany 808 0 -3 315
13 Milan Italy 802 73 -3 238
14 Atlético Madrid Spain 732 9 16 234
15 West Ham United England 634 11 17 213
16 Schalke 04 Germany 629 7 -4 249
17 Roma Italy 569 3 -2 242
18 Internazionale Italy 537 37 -4 199
19 Leicester City England 413 0 - 191
20 Napoli Italy 379 0 -4 158

2016 rankings

As of 1 May 2016[9]

Rank Team Country Value ($M)[10] Debt as
% of value[8]
% change
on year
Revenue ($M)
1 Real Madrid Spain 3,645 3 12 694
2 Barcelona Spain 3,549 2 12 675
3 Manchester United England 3,317 20 7 625
4 Bayern Munich Germany 2,678 0 14 570
5 Arsenal England 2,017 17 54 524
6 Manchester City England 1,921 0 40 558
7 Chelsea England 1,661 0 21 505
8 Liverpool England 1,548 5 58 471
9 Juventus Italy 1,299 4 55 390
10 Tottenham Hotspur England 1,017 2 69 310
11 Borussia Dortmund Germany 836 0 19 338
12 Milan Italy 825 32 6 240
13 Paris Saint-Germain France 814 0 28 578
14 Schalke 04 Germany 655 21 15 264
15 Atlético Madrid Spain 633 22 45 225
16 Internazionale Italy 559 43 27 198
17 West Ham United England 542 6 76 194
18 Roma Italy 508 36 N/A 217
19 Napoli Italy 396 0 12 151
20 Newcastle United England 383 0 10 104

2015 rankings

As of 6 May 2015[11]

Rank Team Country Value ($M)[10] Debt as
% of value[12]
% change
on year
Revenue ($M)
1 Real Madrid Spain 3,260 4 -5 746
2 Barcelona Spain 3,160 3 -1 657
3 Manchester United England 3,100 20 10 703
4 Bayern Munich Germany 2,350 0 27 661
5 Manchester City England 1,380 0 60 562
6 Chelsea England 1,370 0 58 526
7 Arsenal England 1,310 30 -2 487
8 Liverpool England 982 10 39 415
9 Juventus Italy 837 9 -2 379
10 Milan Italy 775 44 -9 339
11 Borussia Dortmund Germany 700 6 17 355
12 Paris Saint-Germain France 634 0 53 643
13 Tottenham Hotspur England 600 9 17 293
14 Schalke 04 Germany 572 0 -1 290
15 Internazionale Italy 439 56 -9 222
16 Atlético Madrid Spain 436 53 33 231
17 Napoli Italy 353 0 19 224
18 Newcastle United England 349 0 N/A 210
19 West Ham United England 309 12 N/A 186
20 Galatasaray Turkey 294 17 -15 220

2014 rankings

As of 15 July 2014[13]

Rank Team Country Value ($M)[10] % change
on year
Revenue ($M)
1 Real Madrid Spain 3,440 4 675
2 Barcelona Spain 3,200 23 627
3 Manchester United England 2,810 -11 551
4 Bayern Munich Germany 1,850 41 561
5 Arsenal England 1,331 0 370
6 Chelsea England 868 -4 394
7 Manchester City England 863 25 411
8 Milan Italy 856 -9 343
9 Juventus Italy 850 22 354
10 Liverpool England 691 8 313
11 Borussia Dortmund Germany 599 31 333
12 Schalke 04 Germany 580 16 258
13 Tottenham Hotspur England 514 -1 224
14 Internazionale Italy 483 20 219
15 Paris Saint-Germain France 415 N/A 518
16 Galatasaray Turkey 347 N/A 204
17 Atlético Madrid Spain 328 33 156
18 Hamburger SV Germany 326 9 176
19 Roma Italy 307 19 162
20 Napoli Italy 296 -10 156

2013 rankings

As of 17 April 2013[14]

Rank Team Country Value ($M)[10] % change
on year
Revenue ($M)
1 Real Madrid Spain 3,300 76 650
2 Manchester United England 3,165 61 502
3 Barcelona Spain 2,600 99 613
4 Arsenal England 1,326 3 368
5 Bayern Munich Germany 1,309 6 468
6 Milan Italy 945 -4 326
7 Chelsea England 901 18 409
8 Juventus Italy 694 17 248
9 Manchester City England 689 56 362
10 Liverpool England 651 5 296
11 Tottenham Hotspur England 520 -8 226
12 Schalke 04 Germany 498 -15 221
13 Borussia Dortmund Germany 456 11 240
14 Internazionale Italy 401 -18 236
15 Lyon France 368 -4 167
16 Corinthians Brazil 358 - 119
17 Napoli Italy 330 17 188
18 Hamburger SV Germany 300 -15 154
19 Marseille France 285 -18 167
20 Newcastle United England 263 9 146

2012 rankings

As of 19 April 2012[15]

Rank Team Country Value ($M)[10] % change
on year
Revenue ($M)
1 Manchester United England 2,235 5 532
2 Real Madrid Spain 1,877 34 695
3 Barcelona Spain 1,307 34 653
4 Arsenal England 1,292 8 364
5 Bayern Munich Germany 1,235 12 466
6 Milan Italy 989 18 341
7 Chelsea England 761 16 362
8 Liverpool England 619 12 295
9 Juventus Italy 591 -6 223
10 Schalke 04 Germany 587 56 293
11 Tottenham Hotspur England 564 37 262
12 Internazionale Italy 490 11 307
13 Manchester City England 443 52 246
14 Borussia Dortmund Germany 394 52 197
15 Lyon France 385 8 193
16 Hamburger SV Germany 355 4 187
17 Roma Italy 354 38 208
18 Marseille France 349 26 218
19 Valencia Spain 288 - 169
20 Napoli Italy 283 - 167

2011 rankings

As of 20 April 2011[16]

Rank Team Country Value ($M)[10] % change
on year
Revenue ($M)
1 Manchester United England 1,864 1 428
2 Real Madrid Spain 1,451 10 537
3 Arsenal England 1,192 1 336
4 Bayern Munich Germany 1,048 6 396
5 Barcelona Spain 975 -2 488
6 Milan Italy 838 5 289
7 Chelsea England 658 2 313
8 Juventus Italy 628 -4 251
9 Liverpool England 552 -33 276
10 Internazionale Italy 441 7 275
11 Tottenham Hotspur England 412 11 179
12 Schalke 04 Germany 377 -2 171
13 Lyon France 358 8 179
14 Hamburger SV Germany 340 3 179
15 Manchester City England 291 13 153
16 VfB Stuttgart Germany 281 0 141
17 Werder Bremen Germany 279 2 147
18 Marseille France 277 6 173
19 Atlético Madrid Spain 275 6 153
20 Borussia Dortmund Germany 260 -1 124

2010 rankings

As of April 2010[17][18][19]

Rank Team Country Value ($M)[10] Debt as
% of value[20]
% change
on year
Revenue ($M) Operating
income ($m)[21]
1 Manchester United England 1,835 46 -2 459 150
2 Real Madrid Spain 1,323 54 -2 563 130
3 Arsenal England 1,181 41 -2 369 102
4 Barcelona Spain 1,000 58 4 513 113
5 Bayern Munich Germany 990 14 -11 406 61
6 Liverpool England 822 47 -19 304 37
7 Milan Italy 800 0 -19 276 41
8 Juventus Italy 656 3 9 285 57
9 Chelsea England 646 8 -19 340 -73
10 Internazionale Italy 413 0 12 276 -14
11 Schalke 04 Germany 384 50 -25 175 -7
12 Tottenham Hotspur England 372 29 -16 186 35
13 Lyon France 333 10 -21 196 5
14 Hamburger SV Germany 329 0 0 206 41
15 Roma Italy 308 0 -19 205 25
16 Werder Bremen Germany 274 0 -6 161 24
17 Marseille France 262 0 9 187 19
18 Borussia Dortmund Germany 261 32 -20 145 8
19 Manchester City England 258 0 -17 143 -56
20 Newcastle United England 198 8 -30 142 -49

2009 rankings

As of April 2009[22]

Rank Team Country Value ($M)[10] Debt as
% of value[20]
% change
on year
Revenue ($M) Operating
income ($m)[21]
1 Manchester United England 1,870 54 4 512 160
2 Real Madrid Spain 1,353 23 5 576 81
3 Arsenal England 1,200 107 0 349 80
4 Bayern Munich Germany 1,110 0 21 465 59
5 Liverpool England 1,010 59 -4 332 50
6 Milan Italy 990 0 24 330 58
7 Barcelona Spain 960 43 22 487 108
8 Chelsea England 800 92 5 424 -13
9 Juventus Italy 600 5 18 264 46
10 Schalke 04 Germany 510 38 9 234 41
11 Tottenham Hotspur England 445 29 12 228 70
12 Lyon France 423 18 4 245 94
13 Roma Italy 381 9 -12 276 69
14 Internazionale Italy 370 77 -8 272 27
15 Hamburger SV Germany 330 0 13 202 44
16 Borussia Dortmund Germany 325 33 1 183 9
17 Manchester City England 310 0 62 164 -16
18 Werder Bremen Germany 292 0 12 177 27
19 Newcastle United England 285 96 -5 198 -13
20 VfB Stuttgart Germany 264 0 not reported 176 18
21 Aston Villa England 240 10 26 150 1
21 Marseille France 240 0 28 200 20
23 Celtic Scotland 218 14 -4 145 11
24 Everton England 207 49 5 151 14
25 Rangers Scotland 194 86 not reported 128 15

2008 rankings

As of April 2008[23]

Rank Team Country Value ($M)[10] Debt as
%of value[20]
% change
on year
Revenue ($M) Operating
income($m)[21]
1 Manchester United England 1,800 60 24 394 111
2 Real Madrid Spain 1,285 27 24 474 112
3 Arsenal England 1,200 43 31 329 77
4 Liverpool England 1,050 65 131 269 60
5 Bayern Munich Germany 917 0 9 302 72
6 Milan Italy 798 0 -3 307 54
7 Barcelona Spain 784 27 47 392 92
8 Chelsea England 764 0 42 382 -5
9 Juventus Italy 510 5 -10 196 35
10 Schalke 04 Germany 470 48 0 154 36
11 Roma Italy 434 12 94 213 48
12 Tottenham Hotspur England 414 15 70 207 64
13 Lyon France 408 7 19 190 15
14 Internazionale Italy 403 0 -27 207 21
15 Borussia Dortmund Germany 323 57 63 122 31
16 Newcastle United England 300 43 16 175 12
17 Hamburger SV Germany 293 0 32 163 41
18 Werder Bremen Germany 262 0 n/a 131 11
19 Valencia Spain 254 159 31 145 -45
20 Celtic Scotland 227 11 23 151 48
21 Everton England 197 30 24 103 -1
22 West Ham United England 195 23 25 115 -22
23 Manchester City England 191 63 -8 114 27
24 Aston Villa England 190 12 36 106 -40
25 Marseille France 187 0 19 134 13
  • Manchester United increased from $1.2 billion to $1.8 billion still remaining at top. While Real Madrid remains second due to an increase of $400 million. Arsenal also remain third after an approximate increase of $350 million.

2007 rankings

This is the list released in March 2007.[24]

# Team Country Value ($M)[10] Debt as
%of value[20]
% change
on year
Revenue ($M) Operating
income($m)[21]
1 Manchester United England 1,453 84 6 310 92
2 Real Madrid Spain 1,036 10 2 000 83
3 Arsenal England 915 53 9 246 20
4 Bayern Munich Germany 838 0 9 262 62
5 Milan Italy 824 0 -10 305 46
6 Juventus Italy 567 17 -18 321 45
7 Internazionale Italy 555 n/a 10 264 26
8 Liverpool England 537 28 6 283 -37
9 Barcelona Spain 535 12 22 331 12
10 Schalke 04 Germany 471 53 45 157 37
11 Chelsea England 454 18 28 225 37
12 Lyon France 343 n/a 65 163 10
13 Newcastle United England 260 46 -14 159 11
14 Tottenham Hotspur England 243 0 27 137 9
15 Roma Italy 224 0 -15 162 53
16 Hamburger SV Germany 221 n/a n/a 130 31
17 Manchester City England 208 83 -6 114 9
18 Borussia Dortmund Germany 199 126 61 114 1
19 Ajax Netherlands 196 0 13 95 9
20 Celtic Scotland 185 14 18 106 -8
21 Everton England 165 32 34 107 -15
22 Marseille France 157 n/a n/a 105 6
23 West Ham United England 156 27 n/a 111 6
24 Rangers Scotland 147 7 32 113 12
25 Aston Villa England 140 16 16 91 -21

See also


References


  1. "The Business of Soccer - Full List". Forbes. Retrieved 19 April 2021.
  2. Ozanian, Mike (12 April 2021). "The World's Most Valuable Soccer Teams: Barcelona Edges Real Madrid To Land At No. 1 For First Time". Forbes. Retrieved 19 April 2021.
  3. Ozanian, Mike (29 May 2019). "The World's Most Valuable Soccer Teams 2019: Real Madrid Is Back On Top, At $4.24 Billion". Forbes. Retrieved 21 April 2021.
  4. "2019 Ranking – The Business of Soccer". Forbes. Archived from the original on 22 June 2020. Retrieved 27 June 2020.
  5. Ozanian, Mike. "The World's Most Valuable Soccer Teams 2018". Forbes. Retrieved 25 March 2019.
  6. "The Business Of Soccer". Forbes. Retrieved 12 June 2018. CS1 maint: discouraged parameter (link)
  7. Ozanian, Mike. "The World's Most Valuable Soccer Teams 2017". Forbes. Retrieved 9 July 2017.
  8. "The business of Soccer". Forbes. Retrieved 23 May 2015.
  9. Nick DeSantis (11 May 2016). "The 20 Most Valuable Soccer Teams Of 2016, Visualized". Forbes.
  10. Estimated by Forbes based on past transactions, market value, debt, and stadium.
  11. Mike Ozanian (6 May 2015). "Real Madrid Tops Ranking Of The World's Most Valuable Soccer Teams". Forbes. Forbes, Inc. Retrieved 6 May 2015.
  12. "The business of Soccer". Forbes. Retrieved 23 May 2015.
  13. Mike Ozanian (7 May 2014). "The World's Most Valuable Soccer Teams". Forbes. Retrieved 8 May 2014.
  14. Mike Ozanian (2 March 2014). "Soccer's Most Valuable Teams: At $3.3 Billion, Real Madrid Knocks Manchester United From Top Spot". Forbes. Retrieved 2 March 2014.
  15. Dan Bigman (19 April 2012). "The World's Most Valuable Soccer Teams". Forbes. Archived from the original on 21 April 2012. Retrieved 21 April 2021.
  16. Dan Bigman (20 April 2011). "The World's Most Valuable Soccer Teams". Forbes. Retrieved 29 May 2011.
  17. "The Business Of Soccer". Forbes.com. 21 April 2010. Retrieved 4 May 2013.
  18. "Soccer Team Valuations". Forbes.com. 21 April 2010. Archived from the original on 25 April 2010. Retrieved 4 May 2013.
  19. "Most Valuable Soccer Teams". Forbes.com. 21 April 2010. Retrieved 21 April 2021.
  20. Includes stadium debt
  21. Revenue before interest, taxes, depreciation, and amortization.
  22. "2009 Soccer Team Valuations". Forbes.com. Archived from the original on 14 August 2013. Retrieved 4 May 2013.
  23. "2008 Soccer Team Valuations". Forbes.com. 30 April 2008. Archived from the original on 8 March 2013. Retrieved 4 May 2013.
  24. "Soccer Team Valuations - Forbes.com". www.forbes.com. Archived from the original on 13 July 2019. Retrieved 17 January 2020.